Enterprise Risk Management Senior Actuary


: $127,380.00 - $127,380.00 /year *

Employment Type

: Full-Time


: Financial Services - Insurance

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\"Our Company provides a state of predictability which allows brokers and agents to act with confidence.\"

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.

Along the way, weve been listed on the New York Stock Exchange, seen our revenue soar well past $7 billion, and become a well-respected Fortune 500 Company.

Today, the Berkley brand comprises 53 Berkley companies worldwide. Still managed by our founder and largest shareholder, W. R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

In April 2017, W. R. Berkley Corporation celebrated the 50th anniversary of its founding.

W. R. Berkley is expanding their ERM team and have a vacancy for an experienced ERM or reinsurance practitioner with strong statistical and actuarial skills. Suitable for FCAS/ACAS, and will consider strong candidates who have stopped taking exams.The successful candidate will work closely with other ERM team members, other functions and senior management within corporate. The business focus of our ERM team also requires collaboration with colleagues across a range of disciplines in our operating companies. Key responsibilities include:

  • Risk measurement and monitoring:

  • Work closely with our operating companies to help them develop individual risk registers within a common template

  • Help maintain Group risk register

  • Assist with the development of appropriate metrics for risks identified in the Group risk register; collating and analyzing data and industry information to monitor risk

  • Improve existing and develop new risk scenarios

  • Drive development of a more focused approach to operational risk

  • Risk reporting

  • Creating and presenting analyses and reports on specific key risk areas for the Groups senior management

  • Support our international companies in their ERM reporting

  • Assist with/produce internal ERM reports and presentations for ERM committee, Presidents meetings and Board meetings

  • Assist with the production of, and improvements, to the ORSA report

  • Produce ERM reports for rating agencies, and review terrorism and catastrophe reports

  • Capital assessment and management

  • Review and update capital allocation model and required capital model

  • Undertake ad hoc risk/reward reviews to support specific strategic decisions

  • Improve existing and develop new capital stress scenarios; develop processes to allow these scenarios to be assessed in a more efficient and timely manner

  • Other

  • Work closely with individual operating companies on specific risk related projects

  • Assist with the development of less experienced team members

Skills & Experience Required:

  • 10+ years commercial lines (re)insurance experience, of which a minimum of 4 years should be ERM or reinsurance experience

  • ACAS / FCAS or equivalent; will also consider strong candidates who have stopped taking exams

  • Ability to develop analysis approaches proportionate to the materiality of each risk, and to clearly describe the key assumptions and approximations within that analysis

  • Track record of planning, implementing and documenting work in a methodical and timely manner

  • Experience with a simulation environment, such as ReMetrica, Igloo or @Risk, an advantage

Personal Qualities:

  • Strong project management, organizational and documentation skills

  • Strong interpersonal skills, ability to develop relationships with remote operating companies

  • Enthusiastic, proactive and enquiring personality

  • Strong verbal and written communication skills must be able to express ERM concepts in a way that can be understood by a wide range of insurance and reinsurance practitioners

Job ID: 2019-2775

Street: 475 Steamboat Road

Associated topics: actuarial consultant, actuary, actuary consultant, assistant actuary, associate actuary, cost, model, probability, risk, statistics * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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